| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $179M | $165M | -2.3% | 5.9% |
| Op. Income | -$79M | $3M | $37M | -3085.1% | -315.3% |
| Gross Margin | 38.4% | 23.8% | 45.3% | 14.6pp | -6.9pp |
| Net Margin | -47.9% | -0.2% | 17.4% | -47.7pp | -65.3pp |
| EPS (Diluted) | $-2.78 | $-0.01 | $0.94 | -24721.4% | -395.7% |
| Free Cash Flow | $55M | $3M | $31M | 1892.4% | 79.2% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $28M |
| SG&A Expenses | $29M |
| Other Expenses | $117M |
| Operating Expenses | $146M |
| Cost & Expenses | $254M |
| OPERATING INCOME | -$79M |
| Interest Income | $170M |
| Interest Expense | $98M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$79M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$84M |
| D&A | $706.0K |
| EBIT | -$79M |
| EBITDA | -$79M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$84M |
| Depreciation & Amortization | $706.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $114M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | $41.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$232M |
| NET CASH FROM FINANCING | -$255M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | -$175M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $537M |
| Short-Term Investments | $1.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $25M |
| Goodwill | $0 |
| Intangible Assets | $129.0K |
| Long-Term Investments | $8.9B |
| Tax Assets | $86M |
| Other Non-Current Assets | $350M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $11.3B |
| Account Payables | $0 |
| Short-Term Debt | $39M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.3B |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $660M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $10.1B |
| Common Stock | $297.0K |
| Additional Paid-In Capital | $380M |
| Retained Earnings | $950M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$161M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $11.3B |
| Total Debt | $719M |
| Net Debt | $182M |
